Kraken exchange has launched its self-custody wallet for digital assets, following suit with other major exchanges like Binance and Coinbase.

The wallet, available on iOS, supports assets across eight blockchains, including Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL).

Kraken emphasises minimal data collection for user privacy and robust security features like mobile biometrics and password protection.

As regulatory scrutiny increases, exchanges are embracing self-custody wallets to navigate evolving compliance requirements.

This move aligns with broader regulatory shifts, such as the European Parliament's removal of limits on crypto payments from self-hosted wallets and a U.S. court ruling exempting Coinbase Wallet from brokerage rules.